The capital costs were annuitized using Bank of Tanzania average interest rates for 2011/ 2012 at 9.6percentnt [ 21], and we adopted useful life years from WHO country estimates [ 22].
According to Tao Wang of UBS, the government borrows at an average interest rate of 7.3%, compared with nominal GDP growth of over 10%.
Already, it has been extended to an average maturity of 16 years and has an average interest rate of 2.4%.
In Denmark, too, both the stock of loans and the average interest rate is little changed, according to data from Nordea, a bank.
PayPal became the pioneer of Internet-based money market in 1999, with the average interest rate of 5%%, which was higher than the US market interest rate.
On this $4.8 trillion in debt, the U.S. government paid an average interest rate of 4.9percentt for a total of $237.1 billion in interest payments.
In microlending, interest rates of 40% or more are common, and even Kiva borrowers pay average interest rates of 35% for loans made by lenders at zero interest.
These countries' existing foreign debt, by contrast, carried an average interest rate of 1.6% with an average maturity of 28.7 years.
"Recent statistics show that one-third of car buyers sign up for a six-year loan at an average interest rate of 9.6%.
There is about $150 billion of private student debt, with new loans over the past few years carrying an average interest rate of 8percentto10percentcent, according to the Consumer Financial Protection Bureau.
